The judge overseeing the criminal case against three former executives of defunct U.S. law firm Dewey & LeBoeuf declared a mistrial yesterday following over three weeks of jury deliberations, Reuters reported yesterday. The jury sent a note to the court saying for the third time it was deadlocked on the major counts against former Dewey Chairman Steven Davis, Executive Director Stephen DiCarmine and Chief Financial Officer Joel Sanders, including grand larceny, scheming to defraud and violating New York's securities law, the Martin Act. The three defendants were accused of using illegal accounting adjustments to mask the firm's teetering finances between 2008 and 2012 to convince lenders and investors, including Bank of America Corp. and HSBC Holdings Plc, that the law firm was still healthy.
